Tata Steel discloses favorable Orissa High Court judgement quashing two mining demand letters totaling ₹4,313.62 crore.
The court ruled that penal provisions of Rule 12A of MCR 2016 cannot be applied retrospectively to the company's operations.
Demand letters from Deputy Director of Mines, Jajpur for alleged shortfall in mineral dispatch from Sukinda Chromite Block are quashed.
Disclosure made under SEBI LODR Regulations 30 and 51 regarding material litigation outcome.